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Corn Weakness Extending Ahead of USDA Reports

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & PositioningEconomic DataDerivatives & Volatility

Corn futures are down 1 to 2 1/4 cents Tuesday morning after Monday's close fell 3 1/2 to 6 1/4 cents. Open interest rose by 8,424 contracts, signaling fresh selling pressure ahead of the end-of-March USDA reports due Tuesday, which are the likely near-term catalyst.

Analysis

Corn futures are down 1 to 2 1/4 cents Tuesday morning after Monday's close fell 3 1/2 to 6 1/4 cents. Open interest rose by 8,424 contracts, signaling fresh selling pressure ahead of the end-of-March USDA reports due Tuesday, which are the likely near-term catalyst.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15